Crypto Whale Sells 12,468 Ether for Profit to Fund Leveraged Crude Oil Longs

A prominent crypto whale has closed a large leveraged Ether position to rotate capital into traditional energy commodities. The trader liquidated 12,468 ETH on October 19 at an average execution price of $2,368, receiving approximately $29.52 million in USDC and realizing an estimated $8.99 million profit. The position was initially accumulated in early June at an entry price of $1,647 per coin. Following the sale, the investor transferred 20 million USDC to decentralized platform Hyperliquid to build a $22.4 million leveraged long position across WTI and Brent crude oil contracts.